1% down for the purchase of your home

First-time homebuyers put down 1%, and the lender gives you 2%  towards the down payment, no strings, and no liens. You have 3% down and now work on getting the seller to pay closing costs of up to 3%. Working on a loan right now where the purchase price is $238,000,  the 1% down is $2,380 the lender is giving $4,760 and the seller is paying 6,000 of closing costs. so the remaining closing costs are 2,000. The total out-of-pocket for the buyer is 4,380 for this homeHow much does it cost to rent after paying first, last, and deposit? You must be below the median income and a first-time homebuyerPretty exciting to put $2,380 for the down payment and $2,000 for closing costs to finally own a home. No second liens  just one mortgage at 97% tune in and learn more at https://www.ddamortgage.com/blogDidier Malagies nmls212566DDA Mortgage nmls324329 Support the show